Proficio Capital Partners LLC Invests $406,000 in Celsius Holdings, Inc. (NASDAQ:CELH)

Proficio Capital Partners LLC bought a new position in Celsius Holdings, Inc. (NASDAQ:CELH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,409 shares of the company’s stock, valued at approximately $406,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in Celsius in the third quarter valued at $984,000. Van ECK Associates Corp boosted its holdings in Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after acquiring an additional 18,456 shares in the last quarter. Covestor Ltd boosted its holdings in Celsius by 35.4% in the third quarter. Covestor Ltd now owns 5,978 shares of the company’s stock valued at $187,000 after acquiring an additional 1,564 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Celsius by 8.4% in the third quarter. Crossmark Global Holdings Inc. now owns 10,723 shares of the company’s stock valued at $336,000 after acquiring an additional 834 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Celsius in the third quarter valued at $55,000. Institutional investors own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. Piper Sandler cut their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. UBS Group lowered their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. B. Riley restated a “buy” rating and set a $49.00 target price (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. Finally, Stifel Nicolaus dropped their target price on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.78.

Insider Buying and Selling at Celsius

In other news, insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Celsius Price Performance

Shares of Celsius stock opened at $27.23 on Tuesday. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 61.89, a PEG ratio of 2.90 and a beta of 1.90. The firm’s 50-day moving average is $25.83 and its 200 day moving average is $29.22. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. On average, equities analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.